Equity Crowdfunding in the United States of America

Dominika Kordela

Abstract


The segment of alternative financial instruments has been growing rapidly. Crowdfunding is the form of alternative financing and alternative investment. Equity crowdfunding is defined as a form of financing in which entrepreneurs make an open call for funding on the Internet, hoping to attract a large group of investors. The aim of this paper is to present the core issues regarding equity crowdfunding as well as the analysis of the regulation and assessment of the development of this source of financing in the United States.


Keywords


capital market; crowdfunding; alternative finance

Full Text:

PDF (Język Polski)

References


Ahlers G.K.C., Cumming D., Günther C., Schweizer D., Signaling in Equity Crowdfunding, “Entrepreneurship Theory and Practice” 2015, Vol. 39, DOI: https://doi.org/10.1111/etap.12157.

Barnett C., The Crowdfunder’s Guide To General Solicitation and Title II of the JOBS Act, “Forbes”, 23.09.2013, www.forbes.com/sites/chancebarnett/2013/09/23/the-crowdfunders-guide-to-general-solicitation-title-ii-of-the-jobs-act/#42a475fd3083 [data dostępu: 26.04.2016].

Bauguess S., Gullapalli R., Ivanov V., Capital Raising in the U.S.: An Analysis of the Market for Unregistered Securities Offerings, 2009–2014, October 2015, www.sec.gov/dera/staff-papers/whitepapers/30oct15_white_unregistered_offering.html [data dostępu: 27.04.2016].

Bradford S.C., Crowdfunding and the Federal Securities Laws, “Columbia Business Law Review” 2012, Vol. 2001 (1).

Dziuba D.T., Rozwój systemów crowdfundingu – modele, oczekiwania i uwarunkowania, „Problemy Zarządzania” 2012, Vol. 10, nr 3 (38).

Freedman D.M., Nutting M.R., The Growth of Equity Crowdfunding. Crowdfinance Options for Private Companies, and Secondary Markets for Investors, Keep Expamnding, “Value Examiner Magazine (NACVA)” 2015, July/August, www.freedman-chicago.com [data dostępu: 14.04.2016].

Kirby E., Worner S., Crowd-funding: An Infant Industry Growing Fast, Staff Working Paper of the IOSCO Research Department, DWP3, 2014.

Klimontowicz M., Harasim J., Tendencje rozwojowe na rynku alternatywnych instrumentów finansowych, “Annales UMCS. Sectio H” 2015, Vol. XLIX, nr 4.

SEC Adopts Rules to Permit Crowdfunding, www.sec.gov/news/pressrelease/2015-249.html [data dostępu: 26.04.2016].

Sixt E., Scharmökonomie und Crowdfunding. Webbasierte Finanzierungssysteme im Rahmen realwirtschaftlicher Bedingungen, Springer Gabler, Wiesbaden 2014.

UKIE, UKIE Crowd Funding Report: A Proposal to Facilitate Crowd Funding in the UK, 2012.

www.crowdexpert.com/crowdfunding-industry-statistics [data dostępu: 29.04.2016].

www.crowdnetic.com [data dostępu: 26.04.2016].

www.sec.gov [data dostępu: 26.04.2016].

www.world-exchanges.org [data dostępu: 29.04.2016].




DOI: http://dx.doi.org/10.17951/h.2016.50.4.237
Date of publication: 2017-02-20 17:31:15
Date of submission: 2016-06-04 21:20:27


Statistics


Total abstract view - 1128
Downloads (from 2020-06-17) - PDF (Język Polski) - 0

Indicators



Refbacks

  • There are currently no refbacks.


Copyright (c) 2017 Dominika Kordela

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.